Analyst Betty Chen commented, "We are encouraged by another quarter of EPS upside and affirmation of FY16 outlook despite a challenging macro environment and traffic disruptions at its NY 5th Ave flagship. With better-than-expected sales trends in the Americas and Japan, led by Japanese spending, we are hopeful the favorable currency environment will aid Holiday spending. We also believe strength in fashion jewelry underscores efforts made by management in increasing newness and elevating the overall assortment. Looking to 4Q and FY17, we highlight the company can continue to benefit from 1) easy compares, 2) product repositioning, 3) marketing initiatives, and 4) favorable input costs."

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